US manufacturing sector expands at a slower pace in June

The pace of growth in the U.S. manufacturing sector slowed very slightly in June, an industry report showed on Tuesday, though new orders accelerated to a six-month high.

The Institute for Supply Management said its index of national factory activity was 55.3 in June, almost unchanged from May's 55.4 reading. The report was modestly under the 55.8 reading expected by a Reuters poll of economists.